1795 P Flowing Hair Dollars : Silver Plug

Early Silver Dollars

Mintage: N/A
Minted at: Philadelphia

Designer - Engraver: Robert Scot
Metal Composition: 89% Silver - 11% Copper

Diameter: 39.5 mm
Mass / Weight: 26.96 grams

What this coin looks like (obverse, reverse, mint mark location, special features, etc.):
1795 Flowing Hair Silver Dollar - Silver Plug
This is a very rare variety of the 1795 Flowing Hair Silver Dollar which coin features a silver plug in the middle. A handful of these coins are worth over $1 million each in high grade. Source of example image is courtesy of Heritage Auction Galleries.

Some coins from 1794 and 1795 began as silver blanks before being struck. These blanks were individually weighed in order for the coin to contain the legal amount of silver authorized. Pieces that were overweight had to be filed down until they met the weight standard. Other coins were weight-adjusted by placing an 8mm circular silver plug through the center of the planchet. Once the correct weight was established - then the blank would be struck by the dies and minted into a US dollar. These silver plugs can sometimes be very difficult to identify because the metal content is the same and the design was struck over them - so the blend in very nicely. Sometimes there is a very slight color difference and parts of the circular outlines of the plug are seen in the middle of the liberty bust portrait on the obverse and in the middle of the eagle portrait on the reverse of the coin. An example closeup image of a silver plug on both sides of the coin is depicted below:

Coin valuation chart: Typical coin prices, values and worth per grade or condition - in USD
Very Good
Very Fine
Extremely Fine
About Uncirculated

MELT VALUE: $13.57

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